AWE reported that at 0600 hours (WST) the Arrowsmith-2 exploration well was drilling ahead in 8-1/2" hole at a measured depth of 3,102 meters. During the week, two conventional cores were cut in the well; 55 meters in the Carynginia Formation and 45 meters in the Irwin River Coal Measures. Progress for the week was 811 meters.

The Arrowsmith-2 well is designed to test the unconventional gas potential of the Carynginia Formation, Irwin River Coal Measures and Kockatea Shale and will be drilled to a proposed total depth of approximately 3,420 meters.

The well is located approximately 25 kilometers from the Woodada Deep-1 well (deepened by AWE in April 2010 to acquire cores over the Carynginia Shale interval), and approximately 500 meters south east of the Arrowsmith-1 well, which tested gas from the Carynginia Formation.

On completion of drilling, the well will be suspended for future fracture stimulation and testing which is planned for later in the year.

The participants in EP 413 are:

•AWE Limited (via subsidiaries) 44.252% •Norwest Energy NL (Operator) 27.945% •Bharat PetroResources Ltd 27.803%

Tags: AWE Limited